Direct Private Bridge Lender · Est. 2003
Bridge loans on Long Island, NY
GPS Capital is a direct private bridge lender for Long Island investment property, lending across Nassau and Suffolk County from our Brooklyn headquarters. Bridge capital for acquisitions, cash-out refinances and rehab projects - funded in as fast as one week.
Long Island bridge loan terms
Rates 9.99% to 12.99%, 1 to 2 points, loans from $500K to $20M, up to 70% of after-repair value, typically 12-month first-lien terms. No minimum credit score, no personal income verification in most cases. Funds in as fast as one week - well-documented files have funded in 3 to 5 business days.
Bridge financing in Long Island
Long Island bridge deals are usually equity deals: pull cash out of a rental you own to fund the next purchase, or close a new acquisition before the last one sells. We underwrite the property and the plan - no tax returns, no credit minimum in most cases.
Questions
Long Island FAQ
Who is a direct bridge lender in Long Island?
GPS Capital is a direct private bridge lender, funding investment property nationwide since 2003, including the Long Island market. Every loan is underwritten, funded and serviced in-house - no broker, no outside committee between you and the wire.
What are bridge loan rates in Long Island?
GPS Capital's bridge loans run 9.99% to 12.99% with 1 to 2 points, from $500K to $20M, up to 70% of after-repair value, typically on 12-month first-lien terms. Every deal is priced on its own merits.
Can I pull equity out of a Long Island rental with a bridge loan?
Yes. A cash-out bridge refinance converts trapped equity into working capital at up to 70% of value, closing in as fast as one week - no tax returns in most cases.
What credit score or income docs do I need for a Long Island bridge loan?
None. There is no minimum credit score and no personal income verification in most cases - the property carries the loan. A personal guarantee is standard.
Do you work with Long Island-area brokers?
Yes. Brokers are welcome and GPS Capital pays broker fees. Send the property address, loan amount and the borrower's goal for a same-day review.
Related
Next Step
Send the deal. Get a
straight answer.
Property type, address, loan amount, and your goal is enough for us to start. Every submission is reviewed by the team that funds the loan, with follow-up inside 2 hours.